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Gray 'serial millennial myth debunker' Kimbrough
@graykimbrough
, 5 tweets, 3 min read Read on Twitter
Inspired by @andrewvandam's figure, I calculated the average cumulative real GDP growth 2-10 years after reaching age 18 (approximately graduating from high school) by generation. As he put it: Millennials really are special, or at least unique in the economy they inherited.
Using *per capita* real GDP, the picture is essentially unchanged, albeit even worse for older millennials (as seen in the 8 and 10-year growth rates).

[those responsible for tweeting the earlier figure based on an incorrect calculation have been sacked]
Here is the full article from @andrewvandam that includes the figure I referenced above, plus some references to my previous millennial myth debunking. washingtonpost.com/us-policy/2019…
Some were curious about prior generations, so I pushed it back as far as the real GDP series will take us (1929) for real per capita GDP growth. Things looked different for those coming of age in the 1930s and during WWII, but then there was little change until the Millennials.
Another version of @andrewvandam's figure, this time showing the rates for each birth cohort (and extending back to the Silent Generation). There's a dramatic drop in economic growth faced as the 1981 cohort entered adulthood, making for a big shift from Gen X to Millennial.
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Gray Kimbrough
@graykimbrough
I've been doing a lot of interviews and reading CVs and job market papers, and now that I'm off work and definitely not speaking for any agency or subtweeting any applicants, I have some thoughts on how PhD economists can best market themselves for industry and government jobs.
So first, the basics that apply to everything. Please, please proofread your CV and your JMP. Send them to someone else to proofread. And another person. They will still have a nonzero number of typos, but your goal is to get that number as close to zero as possible.
For industry jobs, you need to spend time on your resume (which is NOT a CV) to demonstrate that you really are interested in industry jobs. Emphasize your specific skills and projects you've done. Give details, because they're not going to read your papers to find them.
Read 16 tweets
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Gray Kimbrough
@graykimbrough
A general question was posed to me recently, which I interpreted as: What are the economic realities for young adults, and how have they changed from prior decades?

I of course started making graphs. Here's a thread of those. First: job switching.
I further split this by gender. What I find interesting here is that rates are similar for men and women of similar ages now, but men 25-34 used to switch at higher rates than women of similar ages. That generally stopped with 2001 recession.
Meanwhile, young adult men are generally more likely to work part time than they were before the Great Recession. This isn't the case for women.
Read 16 tweets

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